Home Crypto Trader Pro Ethereum, Q1 at a glance: Technical Analysis and Important News

Ethereum, Q1 at a glance: Technical Analysis and Important News

by icosuccess
, Ethereum, Q1 at a glance: Technical Analysis and Important News

Dubbed crypto winter, the longest bearish swing since the debut of Ethereum appears to be coming to an end as we enter the second quarter of 2019. Read on as we go over important technical price patterns and news that has driven the price of ETH this far.

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January 4, 2019: Ethereum Core Developers to Advance with Development of ASIC-Resistant PoW Algorithm

In a meeting held on the 4th of January, Ethereum (ETH) core developers concluded on a makeshift consensus towards the implementation of a new proof-of-work (PoW) algorithm that would boost the efficiency of GPU-based — as opposed to ASIC-based — mining on the network.

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